Appendix 4D & Half Year Report to 31 December 2025

Xref Limited's financial report for the half-year ended 31 December 2025 shows a decrease in revenues by 6.5% to A$10.2M, with a net loss after tax of A$660,059, up by 51.5% from the previous period. The company's total loss for the half-year increased by 51.5% to A$660,059. Xref Limited operates across different segments including candidate referencing, ID verification, and engagement surveys. The company's strategic transition to an Employer Intelligence Platform has shown growth in new platform revenue, while legacy platform revenue has decreased. Xref is focused on client acquisition, operational efficiency through AI integration, and platform growth. The financial highlights include total revenue of A$10.2M, EBITDA of A$1.3M, and a total ARR of A$16.5M. The balance sheet shows a total deficit in equity of A$5.1M. The company is confident in its operational resilience and ability to meet its commitments. The directors have signed off on the half-year financial report, with assurance of compliance with regulations and a true and fair view of the company's financial position. The review was conducted independently by Crowe Sydney. For more details, please refer to the full financial report available on the company website at xref.com. Feel free to ask us any questions about the report or our company.